Crypto News Digest May 9 – May 15

Cryptocurrencies

9 May, 2021 Central bank digital currencies (CBDCs) are steadily becoming a serious discussion among governments globally, with Kazakhstan as the latest country unveiling its plans. The National Bank of Kazakhstan is making preparations to launch a CBDC pilot program soon. In order to accelerate the growth and advancement of key ventures in Solana’s blockchain …

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Crypto News Digest May 2 – May 8

Cryptocurrencies

2 May, 2021 A chief economist at UBS, the largest bank in Switzerland, sees a number of problems with bitcoin. In attempting to answer the question of whether the cryptocurrency defies the zeitgeist, he claims that “bitcoin is denied to those minority groups who have reduced online access.” With bitcoin’s record-breaking run over the last …

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Crypto News Digest April 25 – May 1

Cryptocurrencies

25 April, 2021 Gamevil, a publicly listed firm, has bought a stake in Coinone, South Korea’s third largest digital currency exchange. The investment comes just months after Gamevil’s rival Nexon was reported to be eyeing a stake in Bithumb, Korea’s second largest exchange. With a liquidity mining program set to launch on Monday, Aave could be …

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Crypto News Digest April 18-24

Cryptocurrencies

18 April, 2021 $7.6 billion in crypto long positions have been liquidated over the past hour as bitcoin’s price plunged to $52,000. The subreddits for Dogecoin and CryptoCurrency added a combined 232,697 subscribers last week, far outpacing the growth of all other communities. For the first time, a Chinese government official has recognized the value …

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A Red Week But Bitcoin Still Bullish

Bitcoin Weekly Chart

A red week for Bitcoin and the cryptocurrency market. With only a few exceptions, almost every crypto experienced a decline this week. Bitcoin saw a stormy week in which the price dropped by a steep 20% to break beneath $50,000 and reach as low as $47,500 today.   Peter Brandt: ‘Laser eyes’ to blame for …

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Crypto News Digest April 11-17

Cryptocurrencies

11 April, 2021 Mass adoption may take crypto toward centralization. German Greens talk Bitcoin in their manifesto as Angela Dorothea Merkel, one of the longest ruling elected politician, steps down. Many analysts, including ones from Bloomberg, predict an unprecedented move to $400k. 12 April, 2021 Speculation went into overdrive in February when an anonymous Indian minister told Bloomberg …

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Bitcoin: Is $70k in Sight?

Bitcoin Record High week

A week that sees Bitcoin break above the stiff overhead resistance at $61,825.84, indicating the resumption of the uptrend. The sharp rally also completed the breakout from the inverse head and shoulders pattern that has a target objective at $69,540. Bitcoin traded at a record high of $64.5k this week. Will Bitcoin continue an upward …

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Bitcoin Consolidating Recent Gains

Crypto Weekly View

Taking about 10% fall in price in the past seven days, the cryptocurrency giant has experienced a fall throughout the week after slipping beneath an ascending trend line around the previous ATH from February at around $58,300, back on Monday. On Saturday March 20th, Bitcoin was rejected trying to break through the $60k resistance level. …

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Crypto News Digest March 15-19

Monday 15th, 2021 The Oakland Athletics major league baseball team, known as “the A’s,” is temporarily allowing fans to pay in bitcoin for seasonal use of a private suites. The minister of finance of India, Nirmala Sitharaman, has given a ray of hope for the Indian cryptocurrency community as more fear, uncertainty and doubt circulate …

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Bitcoin Price Analysis: Resistance Stumbling Block For New ATH?

Having touched an all time high of $61k, Bitcoin experienced yet another week of volatility which sees the digital currency giant take a peel back and retracing to week low of around 53k. Most altcoins experienced similar trend however, some performed much better than others. Is Resistance the hurdle to setting a new ATH?   …

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Bitcoin’s Next Station $100k?

Current crypto market sentiment Cryptocaptain.com

Along the US goverment’s economic stimulus package and large investors’ crypto buyings,  the whole week witnessed a large rebound of Bitcoin from $49k to $57k after its recent correction since February 22. Will Bitcoin go above its all time high anytime soon? Exciting stimulus news makes impact? The crypto giant made gains on Sunday moving …

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“The Road To Glory Is Always Bumpy” – While Bitcoin Corrects, Long Term Sentiment Is Still Bullish

The Road to Glory is Bumpy #Bitcoin

The past two days showed a 15% dip to the cryptocurrency king, Bitcoin. This dip has brought about panic as investors fear that further downward trend of the cryptocurrency could lead to more investors liquidating. Bybt reports via their twitter account that there’s been a total of $4.4 billion liquidated in the past 24hours. https://twitter.com/bybt_com/status/1364118435907526656?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1364118435907526656%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fpublish.twitter.com%2F%3Fquery%3Dhttps3A2F2Ftwitter.com2Fbybt_com2Fstatus2F1364118435907526656widget%3DTweet …

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Will Bitcoin’s recovery continue? Investors should be cautious

Investors should be cautious during Bitcoin’s recovery. Here’s why. We analyze the crypto market’s recent recovery from a technical view, a sentiment view, and from the news situation. We focus on the big picture and address long-term investors.

Crypto News Week March 23-29

Mar. 23 Two draft bills by the U.S. Democratic party introduced to the House of Representatives suggested a “digital dollar” as means of doing direct transfers to “qualified individuals” as part of a coronavirus stimulus package. A later draft of one of the bills had the “digital dollar” language removed from it and it is expected that the other bill will follow suit soon.

Bitcoin in the Corona Crisis: Why investors should stay on the sidelines.

In March 2020 the Corona Crisis pushed to the forefront of public attention in Europe, the US, and the rest of the world. Spurred by worries of an economic breakdown, international stock markets saw a drastic crash of about -40% so far. Usually, the correlation between the stock market and the crypto market is very …

Read moreBitcoin in the Corona Crisis: Why investors should stay on the sidelines.